SARS announces start dates and details for 2022 tax season – what you should know.
The South African Revenue Services (SARS) has announced that taxpayers will be able to file their tax returns from 1 July 2022. SARS said that the other important dates that taxpayers should be aware of the following deadlines: For companies, within 12 months of their financial year-ends; For all other taxpayers – including natural persons, […]
Tax Filing Season 2021 Opened 1 July: Start Preparing!
The secret to getting ahead is getting started Mark Twain To avoid the last-minute rush, the risk of errors and omissions, and the cost of late submissions, penalties, and audits, there is no better time to get ahead on your company and individual tax returns than the day the 2021 tax season opens. What applies […]
POPIA and Your Business: A Practical 5-Step Action Plan to Implement Now
By failing to prepare you are preparing to fail Benjamin Franklin The media is awash with warnings about the dangers of not complying with POPIA (the Protection of Personal Information Act) by 1 July 2021, and indeed the risks of non-compliance are substantial. The clock is ticking …. if anyone in your business needs to […]
A Basic Guide to PAYE and Four Common Mistakes
The point to remember is that what the government gives it must first take away JOHN S. COLEMAN If it weren’t for the PAYE system, which forces employees to pay taxes as they earn their money, each of us would be liable for a lump sum payment of between 18% and 45% of our total […]
Uncertain, Costly Power Supply: How to Mitigate Your Risk
The more that energy costs, the less economic activity there can be Robert Zubrin It has been 13 long years since we first experienced load shedding in 2007. Since then, businesses have lost thousands of hours of productivity and significant amounts of money to these “rolling blackouts”. The situation is not going to improve – […]
Raising Small Business Finance in 2021: 5 Common Mistakes with a High Impact
In these challenging times, raising finance could very well be a matter of business survival, so knowing how to pitch to potential investors is a critical skill you should not neglect.
Selected for SARS Verification or Audit? Here’s What to Expect… and What to Do
A number of recent tax developments strongly indicate that taxpayers will face even more intense scrutiny from SARS in this new tax year.
New National Minimum Wage and Earnings Thresholds From 1 March 2021
(N.B. The increases highlighted below are extracted from the Employment and Labour Minister’s announcement of 9 February 2021, and emphasis has been supplied where helpful in enabling quick identification of your employment sector. Comment is in square brackets) “The National Minimum Wage (NMW) for each ordinary hour worked has been increased from R20,76 to R21,69 per hour [a 4.5% […]
The Department of Small Business Development’s Lifelines to Suffocating SMMEs
“It’s been said that government doesn’t create jobs, business does. For the most part, this is true. But government creates the environment in which businesses can excel and expand” Christine Gregoire – American politician and lawyer There are several resources that the government, under the guidance of the Department of Small Business Development (DSBD), has […]
3 Survival Tips for Your Small Business In 2021: Little Things with A High Impact
“If we believe that tomorrow will be better, we can bear a hardship today” Thích Nhất Hạnh According to a press release issued this year by the World Bank, the pandemic has taken “a heavy toll of deaths and illness, plunged millions into poverty, and may depress economic activity and incomes for a prolonged period”. […]